The Fed Is Going to Pivot in 3 Stages, Author Nomi Prins Says

  • 📰 NBCDFW
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

The U.S. Federal Reserve could be forced to pivot away from its path of aggressive interest rate hikes in three stages, according to author Nomi Prins.

Despite the broad market expectation for further 75 basis point hikes, Prins – a global economist and outspoken advocate for economic reform – said the Fed would likely pivot away from its hawkish trajectory in three stages as the disconnect between wealthy investors and institutions and the"real economy" widens.

"Whether that's to cut rates or to increase the size of its book again, that still remains to be seen," Prins added. Prins argued that by targeting wage inflation when wage rises are failing to keep pace with broader inflation was a mistake.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 288. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fed set for another 75-basis-point rate hike; early pivot unlikely – Reuters pollFed set for another 75-basis-point rate hike; early pivot unlikely – Reuters poll – by anilpanchal7 Fed SentimentPoll RiskAppetite DollarIndex Inflation
Source: FXStreetNews - 🏆 14. / 72 Read more »